Income Tax Act 2007

Schedule 33: Default fractions of foreign superannuation withdrawals

You could also call this:

"How much of your foreign superannuation withdrawal is taxed in New Zealand"

Illustration for Income Tax Act 2007

You are looking at a schedule about foreign superannuation withdrawals. This schedule is part of the Income Tax Act 2007, which is a law in New Zealand. It is empowered by s CF 3. You can see a table that shows the default fractions of foreign superannuation withdrawals. The table has two columns: one for the schedule year and one for the schedule year fraction. The schedule year fraction is a percentage. The table lists the schedule years from 1 to 26 or more, and the corresponding schedule year fractions. For example, if it is the first schedule year, the fraction is 4.76%. If it is the 26th schedule year or more, the fraction is 100%.

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33Default fractions of foreign superannuation withdrawals Empowered by s CF 3

This is a small table having 2 columns. The first row is the headings for the columns.
Column 1
schedule year
Column 2
schedule year fraction
(%)
1 4.76
2 9.45
3 14.06
4 18.60
5 23.07
6 27.47
7 31.80
8 36.06
9 40.26
10 44.39
11 48.45
12 52.45
13 56.39
14 60.27
15 64.08
16 67.84
17 71.53
18 75.17
19 78.75
20 82.28
21 85.74
22 89.16
23 92.58
24 95.83
25 99.08
26 or more 100.00